The United States government has once again hit its borrowing limit. The government was permitted to borrow only through May 18, after which it can continue to operate without additional borrowing for about four months. Sometime this fall, Congress will have to raise the debt limit to prevent the United States defaulting on outstanding debt. The Republicans are demanding changes to entitlement programs – Social Security and Medicare – as a quid pro quo for their approval to raise the borrowing limit. President Obama has provisionally accepted these changes, if the Republicans agree to new taxes. The President has proposed a number . . .
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As we said yesterday, don't underestimate GOP self preservation re passing something-2018 election looms. ow.ly/pNlt30evPLI #taxreform
About 9 hours ago from TheWashingtonUpdate's Twitter via Hootsuite
Democrats struggle to find their message for 2018 & 2020 elections...more progressive or more centrist? ow.ly/Y1of30evPzp
Jeff appearing again tonight on CNBC's @bizrpt. Check you local PBS listings for times. #bannonout
Politics seen as biggest risk in driving market volatility per @EatonVance advisor survey. That is why we are here! ow.ly/TtlK30etYm2
About a day ago from TheWashingtonUpdate's Twitter via Hootsuite
Don't believe hype that biz leaders bailing on GOP agenda. Jeff on PBS Nightly Business Rpt @bizrpt Watch 2:59-6:04 ow.ly/mugP30etZlH